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Virginia 500 Spotlight: CHRISTOPHER MOLIVADAS
What I like to do for fun: Time with family. My family is my biggest accomplishment. What I was like in high school: I was very well-rounded and involved in everything. What made me choose this career path? I am a very visual person and easily understand how things come together to create something. The […]
Construction begins on Hampton Logistics Center
New York’s Turnbridge Equities and Maryland’s Manekin, both real estate development and investment firms, have begun construction on two Class A industrial warehouse buildings in Hampton off Interstate 64, located less than 20 minutes from the Port of Virginia, according to an announcement this week. The two companies, which raised about $70 million for the […]
JLL: NoVa is still nation’s top data center market
Northern Virginia remains the country’s largest data center market, according to a report released Monday by real estate company JLL. The 581 megawatts of capacity leased by energized — or built-out — data centers in Northern Virginia for 2023 represented a new record, according to the JLL report. Data centers leased 184 MW in capacity […]
Real Estate 2023: ROBB ‘R.J.’ JOHNSON
With 30-plus years of industry experience, Johnson worked with The Staubach Co. beginning in 1995, ultimately serving as president for the mid-Atlantic region until it merged with Fortune Global 500 commercial real estate company JLL in 2008. Johnson has served JLL clients from offices in Delaware, Maryland, Virginia and Washington, D.C., for the past 15 […]
Real Estate 2023: CHRISTOPHER MOLIVADAS
Molivadas’ career in commercial real estate spans more than 30 years, and he directly oversees JLL’s brokerage business in Washington, D.C., Maryland and Virginia, providing strategic leadership to more than 1,000 employees. In the 1980s, Molivadas began working as a construction project manager, then became a broker with Spaulding & Slye Colliers before the firm […]
JLL announces NoVa office move
JLL is moving its Northern Virginia office from Vienna to 1800 Tysons Blvd. in McLean, the commercial real estate company announced Monday. JLL will occupy nearly 24,000 square feet of the building, owned by Lerner Enterprises, with the move set during the first quarter of the year. Form Architects designed the office, which meets LEED […]
$40.8M apartment building in Alexandria sells
A 227-unit apartment building in Alexandria assessed at $40.8 million sold for an undisclosed sum, JLL Capital Markets announced Tuesday. JLL Capital Markets arranged a three-year $34.34 million loan for commercial real estate company Washington Property Co., which brought the property from 100 South Reynolds LLC. The loan was secured through MetLife Investment Management. Located […]
Construction starts on $100M industrial center in Hanover
Construction started Dec. 9 on the $100 million, 1.1-million-square-foot East Coast Commerce Center in Hanover County. The speculative industrial project is slated for completion in mid-summer 2022. The 129-acre center will have 120 truck docks, 540 trailer parks, 8-foot floor slabs, a 2:1 parking ratio and more than 35 surplus acres. “We’re very eager for […]
Colonial Heights shopping center sells for $26.25M
Colonial Square, a Publix-anchored shopping center in Colonial Heights, sold for $26.25 million, JLL announced Thursday. Colonial Square Associates – A Berman Kappler Property sold the shopping center to United Hampshire US REIT. The shopping center is 168,326 square feet and is 99% leased. It was constructed in 1967 and underwent renovations in 2017, when […]
1.9M-square-foot industrial park being built in Stafford
The Fairfax-based Peterson Cos. is building a 1.9 million-square-foot development in a 270-acre industrial park in Stafford County, and JLL will oversee the leasing, the companies announced Friday. Northern Virginia Gateway, which is expected to be built out within a year, is on Centreport Parkway, off Interstate 95. “Peterson’s initial foray into the metro D.C. […]
$60M Hanover industrial development to begin construction in May
A $60 million, five-building industrial development is set to begin construction next month in Hanover County. Northlake II will include approximately 655,000 square feet of Class A industrial space. Construction on the first three buildings will commence in May, with an anticipated completion of spring 2022. The project is being developed by Maryland-based Matan Cos.; […]
